ukrules

2 minutes ago, how241 said:

Some crypto sites have much better rates but that's another story and carries much higher risks than a bank.

Indeed, some of them offer far larger payouts - suspiciously high. Look into the rabbit hole that is named 'MSTY'

But one of the more normal ones is Kraken where you can bond your currency for 30 days and receive 6.5%, they make the money to pay this by lending it to crypto traders who use leverage - the safety net here is that when they (the traders) lose it all it's just grabbed back - the interest rates they charge these borrowers is far in excess of 6.5%.

Now I don't know if this rate varies depending on your balance but this is just plain old USD sitting in a trading account on a crypto exchange that's been going since about 2012 or 2013 - a very long time.

The pay out weekly and as such it goes directly into the allocated 'pile' of your USD that's earning 6.5% per year immediately.

So you get weekly payments, put a million dollars in there are you can soon find yourself earning a couple of million Baht per year from this alone, compounded weekly.

The 30 day notice period when you cancel it does not pay any interest at all though so that needs factoring into the calculation.

There's more than one way to make money out of the crypto industry and you don't even need to own any.

5 hours ago, Social Media said:

Metropolitan Police’s Counter Terrorism Command

These are the same clowns who seize peoples phones and laptops at their leisure after stealing them from people entering the country often for no known reason. They demand passwords to everything including cloud services, you'd better remember them all or you're going to be arrested immediately.

2 hours ago, LivingNThailand said:

1.  Dial Pad on Teams will be in effect the same day Skype doesn't work anymore

Yeah, I read something along those lines as well

Getting phone calls to work in Teams usually requires business licenses for everything meaning Microsoft 365, Phone services and Teams which all come with their own monthly fees - it's a business service - they want to see a website based on what I've read.

But the Skype dialpad should appear when the date comes. We shall see.....I'm not relying on it and already swapped over to MicroSIP software with a VOIPStudio monthly account.

1 hour ago, still kicking said:

I know Thailand is cheaper than Western countries, I am thinking about getting all my teeth pulled and getting implants. So, how long will it take, including recovery time? I might not live that long, I am 78. Again, is it worth doing?

How many teeth do you have left?

They should be taken from the court to a place of cremation and burned until dead, dead, dead.

Put them in a box, press the button and whatever comes out a few hours later can be crushed and flushed

4 hours ago, Lorry said:

Anyway,  inheritance is tax free (up to 100MB iirc, better check this amount).

Correct so it doesn't matter if he's tax resident or not. But if some auditor decides he owes tax on it then it's best to keep documents proving the source of funds - accountants get very excited over 'source of funds' these days.

It's almost like they get together and make up a load of rules for us to enrich the accountancy profession.

Source of funds does matter because if that 100k Euro came from selling some shares you bought 30 years ago in Apple then you're being taxed on it if resident in the year when they were sold. If it's an inheritance then there is no tax, plus it would already have been taxed in the source country.

Also small amount so irrelevant

8 hours ago, ikke1959 said:

and maybe even a bikini is too much nudity..

There's always the 'burkini' option :

Well well, corruption.

I think we all know how this is going to turn out - they already stated their position is not to annoy the Chinese government.

Those 2 who did the bombing should be executed though so no deportation for them.

14 hours ago, Everyman said:

Im outside the Kingdom at the moment but judging from the news there’s been general change of sentiment and Thais are really turning against foreigners in general.

They're starting to show it - nothing changed.

 

5 hours ago, falangUK said:

There’s zero friendliness at the border anymore.

There never was, the smiles are fake.

If you stay less then 180 days in the first year then you are correct, you will not be a tax resident and you can submit as much money as you want - millions or tens of millions - doesn't matter although you're going to lose interest on any extra, but that might be worth it.

Personally when I become a tax resident again, perhaps in 2030 or some time around there I will have enough cash on hand inside Thailand already to last me the next 5 to 10 years in cash (banks,etc) ...assuming I can bear the thought of remitting that amount from places where it is earning decent returns.....

In Thailand I have only come across things like government bonds which have derisory returns

The goal for me is to pay zero tax, ever.
 

I keep my money outside of Thailand, problem solved.

23 minutes ago, Harrisfan said:

Jack killed 5

I would hedge that this guy didn't cut the heart and lung out of any of his his first victims.

His entire history of movement needs examining.

In the Thai language news it is being reported that the lung was not intact, suggestions he may have ate some of it.

Well her pimps dead so that's the end of that.

Did the money run out or something?